Money

Statistics Canada says its new housing price index rose 0.1 per cent in May, following five months of gains. The agency says the increase was largely the result of higher new home prices in the Prairie region. Read More »

Lululemon (LULU), Hillshire Brands (HSH), Time Warner Cable (TWC), BlackBerry – these are brands that are very familiar to Americans. Hard to believe, but they may not be around by the end of next year. According to 24/7 Wall St. these companies are at risk of disappearing either due to the manic pace of mergers or because quite simply, they ... Read More »

The value of Canadian building permits shot up by 13.8 per cent in May from April, the fastest rate since July 2013, led by commercial buildings, and industrial and residential structures also registered substantial increases, Statistics Canada data indicated on Monday. Read More »

The shopping-loving city that is home to one of the world’s largest shopping malls wants to build one even bigger. Dubai ruler Sheik Mohammed bin Rashid Al Maktoum has laid out plans for a sprawling real-estate project known as Mall of the World that will include the 8 million square foot (743,224 square meter) mall, a climate-controlled street network, a ... Read More »

Most Canadians overvalue the contribution the oil sands industry make to the country’s economy, finding it hard to believe it only contributes 2% to Canada’s total Gross domestic Product (GDP), results of a recent poll published Friday show. According to the survey conducted by polling firm Environics for the environmental group Environmental Defence, 57% of Canadians think the industry’s impact ... Read More »

Imagine depositing a check at your local bank for $430 but getting credit for $43,000. Police say that’s what happened to a Roswell man. What would you do if your bank put thousands of dollars into your account by mistake? Tempting right? Read More »

Bell Canada says it supports so-called ‘pick-and-pay’ options for all television channels not included in basic packages and has proposed a new model to sustain local programming in an era of increasing consumer choice. Read More »

The second-in-command at Canada’s top banking regulator told an audience of heavy hitters in the housing industry that the risks posed by red hot Canadian real estate aren’t going to go away in any meaningful way any time soon. Read More »

U.S. crude oil producers are banned from exporting crude, but if they treat it just a little bit, they can ship it to foreign buyers. And that’s what the hullaballoo is about today after the Wall Street Journal reported U.S. Commerce Department rulings that allow two companies, Pioneer Natural Resources (PXD) and Enterprise Products Partners (EPD) to export condensate, a ... Read More »

An American video games company pays unhappy employees up to $25,000 to quit – even if they’ve only just been recruited. Riot Games, makers of the smash-hit PC game “League of Legends”, wants to cut ties with newly-appointed staff members if it’s immediately clear they’re inappropriate for the role. Read More »

Gas prices could be heading even higher if a new bill to increase the federal gas tax gains any traction in Washington. The proposal, introduced by Senators Chris Murphy (D-Connecticut) and Bob Corker (R-Tennessee), is meant to raise $164 billion over ten years with a 12 cent a gallon gas tax increase. Supporters of transportation spending believe the Highway Trust ... Read More »